RE: Why the big pull back?9 Sep 2016 12:19
Hi Slips- taken a break from the AVN Board I see. All got too childish/aggressive on that Board so stopped posting their myself (plus I sold!) Anyway, good to see you're looking at real companies as well (ha ha!)
AHT has had a very strong run, and for a few of us, the figures were actually very slightly disappointing. However, with growth still there in a consolidating market, plus a shift to high levels of free cash flow (all helped by dollar/sterling Xrate), a ~12x multiple for this year looks good value. I'm buying more if it gets back to £12. I still se £15 by year end, and a move towards £20 in 2017!